Second in Ithaca
It ranks 2 of 102 lenders in Ithaca, and its share did not move from a year before. Tompkins Bank & Trust leads. It merged with Core Federal Credit Union in 2022, and that lender's filings count in the competition figures.
Applications / Mortgage Analytics / Lenders / New York / Beginnings Credit Union
Beginnings Credit Union
Ithaca, NY · Credit union · NCUA · $1.5 billion assets · 379 loans in 2025
Beginnings Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
379
loans originated, 2025
479
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Beginnings Credit Union is the second-biggest mortgage lender in Ithaca, where it held 11.9% of lending in both 2024 and 2025, behind Tompkins Bank & Trust.
Flat in a rising market
It made 379 loans, against 380 a year before, while similar lenders (credit unions making between half and twice as many loans) grew 7% and the whole market 10%. In 2020 it made 710. The public data do not show why the count has fallen since.
Bigger loans, mostly for purchase
Purchases made up 58.0% of its loans and home improvement 20.1%. Its typical loan was $175,000, against $105,000 at similar lenders, larger than at more than four in five of them. Its purchase denial rate, 4.7%, was lower than their 6.8%.
Reaching poorer borrowers
Low- and moderate-income (LMI) borrowers took 31.0% of its loans, against 27.5% at similar lenders. Majority-minority areas took only 0.5%, against 12.1%. One possible reason is that the counties it serves have few such areas.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
379 loans in 2025, against a peak of 710 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Beginnings Credit Union took 479 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
58.0% of its 2025 loans were purchase loans; 99.7% were conventional loans.
Purchase 58.0% · Home improvement 20.1% · Other 11.3% · Refinance 10.6%
Conventional 99.7% · VA 0.3% · of 379 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
1 state, 6 metros, 17 counties
| State | Loans | Share |
|---|---|---|
| New York | 379 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Ithaca | 205 |
| Syracuse | 43 |
| Binghamton | 15 |
| Rochester | 6 |
| Elmira | 5 |
| Buffalo-Cheektowaga | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZZIAVB1U6Z4S78 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 272281 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568322 | 2004–2017 |
Established 1 January 1953. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Beginnings Credit Union's data.
The data and the software behind these pages
Beginnings Credit Union's data
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